A PYMNTS Company

US Prosecutors Move To Drop Libor Case Against

By  |  March 30, 2023
US Prosecutors Move To Drop Libor Case Against

Prosecutors requested that the criminal charges against two former Societe Generale SA bankers accused of attempting to manipulate the London interbank offered rate be dropped in a New York court on Wednesday. Muriel Bescond and Danielle Sindzingre, who held positions at Societe Generale SA’s Treasury desk in Paris, were charged in 2017 for submitting inaccurate Libor reports during 2010 and 2011.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    US Attorney Breon Peace did not give reasons in the motion asking a judge in New York state’s Long Island to dismiss the case.

    Related: US Prosecutors Investigate Another Member of FTX Inner Circle

    Bescond’s attorney Laurence Shtasel said “she looks forward to being relieved of this burden and moving forward with her professional life.”

    Peace’s spokesperson declined to comment. A spokesman for the Department of Justice’s Washington-based Fraud Section, which led the Libor prosecutions, did not immediately respond to a request for comment.